Thursday, February 9, 2012

Global IT Consulting Market to Reach US$255 Billion by 2015, According to a New Report by Global Industry Analysts, Inc.

GIA announces the release of a comprehensive global outlook on the IT Consulting Industry. After going through a rough patch during the recession, the global IT consulting market is witnessing resurgence driven by the rising IT expenditures of governments and enterprises across various countries. The market is also benefiting from the strong commitment of players towards appropriately demonstrating the value of their services in mitigating financial risks and coping with uncertainties.

During the recent recession, the global IT consulting market exhibited steady growth as enterprises continued to seek consulting services for survival in a challenging market environment. The demand drivers for IT consulting fundamentally changed under the impact of recession. Growth is now driven by factors such as a strong natural demand, increased role of off shoring and globalization, shortage of talent in the advanced countries, and the superiority of offshore labor market. IT consulting continues to play a crucial role in enhancing competitiveness of companies in the international markets. An ideal IT consulting engagement would render successful management of every day challenges within the IT operations of an organization.

One of the major trends in the global IT Consulting market is the opportunities brought in by some of the latest technologies such as cloud computing and others. Cloud services are now an important area attracting attention and investment of service providers mainly because of the cost benefits offered. Also, adoption of virtualization in both emerging as well as mature markets is happening at a faster pace than before. Virtualization consulting, which covers pre-sales consulting and integration is expected to witness increased demand against such a backdrop. Consulting companies are playing a major role in helping the transition of enterprises to such new technologies.

India, China and Australia are expected to be the major economies spending significantly on IT services in Asia, mainly riding on the outsourcing wave as well as cloud and smart infrastructure. The consulting business in India initially started off on basis of cost arbitrage, with enterprises from Western countries looking towards Indian IT industry as a low cost provider of consulting services. However, with increasing globalization, Indian IT consultants are more sought for knowledge, innovation and scalability offered. India holds strong potential to emerge as a lucrative KPO destination in future with full service offerings including capacity planning, data center managements and other associated services that follow consulting. Nevertheless, the industry faces strong competition from China. Several IT consulting companies have emerged in China, which are capable of delivering work, quality of which is very close to that of Indian service providers.

The leading ten business and IT consulting service providers together account for only 30% of the fragmented and heterogeneous market. The remaining market is accounted for by several smaller service providers. However, while the global market is highly fragmented, few regional markets are relatively more concentrated.

The research report titled "IT Consulting: A Global Outlook" announced by Global Industry Analysts, Inc., provides a collection of statistical anecdotes, market briefs, and concise summaries of research findings. The report offers an aerial view of the global IT consulting market, identifies major trends and growth drivers. Market discussions in the report are punctuated with a number of fact-rich market data tables. Regional markets elaborated upon include United States, Canada, France, Germany, Italy, UK, India, China, Indonesia, Japan and Latin America. Also included is an indexed, easy-to-refer, fact-finder directory listing the addresses, and contact details of companies worldwide.

For more details about this comprehensive industry report, please visit -

About Global Industry Analysts, Inc.

Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

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